Shift Towards Disposables Drives Demand for Prepackaged Medical Kits and Trays, According to New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on Prepackaged Medical Kits and Trays markets. Global market for Prepackaged Medical Kits and Trays is projected to reach US$29.3 billion by 2020, driven by aging population, increasing number of surgical procedures, shift towards disposable medical products, and healthcare industry’s focus on cost reductions.

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Prepackaged Medical Kits and Trays: A Global Strategic Business Report

San Jose, California (PRWEB) May 26, 2014

Follow us on LinkedIn – Trends that underscore the global healthcare industry such as strong focus on infection control and cost reductions, increased preference for less-invasive surgical procedures, and growing use of disposable medical products are favoring demand for prepackaged medical kits and trays. Sterile standard and custom procedure packs allow users to integrate components as required and minimize assembly and storage costs. Aging population and increasing number of surgical procedures are also driving demand for prepackaged medical kits. Disposable prepackaged kits and trays are a great source of cost savings as they reduce the need for expensive labor to assemble products for a procedure. The market therefore is flooded with a vast range of product solutions customized for almost every type of invasive procedure.

Custom medical kits/trays offer a cost saving solution to hospitals requiring medical supplies for set procedures carried out on a daily basis. These kits contain a wide range of tools required for medical, diagnostic, surgical, clinical lab, monitoring and life science research procedures. In addition to robust growth in standardized products, use of custom procedure trays is also witnessing an upward trend. As customized kits address diversified needs of hospitals, growth in this segment is expected to be greater than standardized medical kits. The primary function and benefit of customized medical kits is rationalization of inventory. These kits enable standardization of tools that are applied during a specific procedure, and also offer efficiency and cost benefits.

Safety is a major factor in modern healthcare. To reduce the risk of infections, healthcare societies around the globe have endorsed various regulations, which compel healthcare institutions to use standardized equipment, which include prepackaged kits and trays. Most of the modern day kits and trays are equipped with safety features such as needle sheaths and caps. Demand for general-use trays and kits is mounting mainly due to convenience, infection control, easy disposability and economical attributes of these products. Measuring pH levels, carbon dioxide, blood oxygen and electrolytes by means of blood sampling is increasing the demand for blood gas kits.

As stated by the new market research report on Prepackaged Medical Kits and Trays, the United States represents the largest market worldwide. Growth in the country is led by factors such as, aging population, and increasing number of surgical procedures. Asia-Pacific ranks as the fastest growing regional market with a CAGR of 10.7% over the analysis period. Economic growth and corresponding changes in living standards continue to create significant demand for better healthcare services in the region. The ensuing development and modernization of the healthcare system in Asia-Pacific is favoring demand for prepackaged medical kits and trays. ENT Custom Trays represents the largest and the fastest growing product market.

Major players covered in the report include Angiokard Medizintechnik GmbH, B Braun Melsungen AG, Boston Scientific Corp., C.R. Bard, Inc., Cardinal Health, Covidien plc, Cypress Medical Products, LLC, Kimal, Med-Italia Biomedica SRL, Medline Industries Inc., Mölnlycke Health Care AB, and Rocialle, among others.

The research report titled "Prepackaged Medical Kits and Trays: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of market trends, drivers, and strategic industry activities of major companies worldwide. The report provides market estimates and projections in US dollars for all major geographic markets including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of Europe), Asia-Pacific (China and Rest of Asia Pacific), Middle East and Latin America. Product segments analyzed in the report include ENT Custom Trays, Ophthalmic Custom Trays, Custom Basin Kits, Custom Ob/Gyn Kits, General Delivery Kits, Hysterectomy Kits, Open Heart Surgery Kits, Angiography/Angioplasty Kits, Orthopedic Kits & Trays, Anesthesia Kits, Blood Gas Kits, Urology Kits, Biopsy Kits, Enema Kits, Laceration Kits, Suture Removal Kits, CVP/TPN Start Kits, I.V. Start Kits, Dressing Kits, Admission Kits, Enteral Feeding Kits and Other Kits.

For more details about this comprehensive market research report, please visit –http://www.strategyr.com/Prepackaged_Medical_Kits_and_Trays_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes 1500+ full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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  • Raghu Gopal
    Global Industry Analysts Inc
    +1 408-528-9966
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